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Author Topic: Blocks are full.  (Read 14683 times)
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January 20, 2016, 03:05:30 PM
 #1

Right now Bitcoin's price is rallying and block are full. According to blockchain.info backlog of unconfirmed transactions is 11.6 MB right now and as far as I know there is now spam or stress test going on. How worse does it need to get?

The game taught me the game. And it didn’t spare the rod while teaching. Jesse Livermore.
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January 20, 2016, 03:09:04 PM
 #2

Right now Bitcoin's price is rallying and block are full. According to blockchain.info backlog of unconfirmed transactions is 11.6 MB right now and as far as I know there is now spam or stress test going on. How worse does it need to get?

Well, we were expecting thermonuclear war, so this seems pretty good so far.
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January 20, 2016, 03:12:42 PM
 #3

Right now Bitcoin's price is rallying and block are full. According to blockchain.info backlog of unconfirmed transactions is 11.6 MB right now and as far as I know there is now spam or stress test going on. How worse does it need to get?


i have not been into all this bitcoin stuff for so long , but from all i read so far , i cant realy see why so much people are hating on bigger block sizes. Becuse all i can see and hear right now is that bitcoins would benfit from it a great deal.
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January 20, 2016, 03:17:25 PM
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i have not been into all this bitcoin stuff for so long , but from all i read so far , i cant realy see why so much people are hating on bigger block sizes. Becuse all i can see and hear right now is that bitcoins would benfit from it a great deal.

Write a letter to the Bitcoin headquarters tech support, and ask them to raise the block limit to 4MB.

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January 20, 2016, 03:20:48 PM
 #5

It is frustrating how much energy is being wasted.  Just scale the blocksize  already...


 
 
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January 20, 2016, 03:26:00 PM
 #6

I guess that we need to see frequent backlogs in 30 - 60 MB range for things to start changing.

The game taught me the game. And it didn’t spare the rod while teaching. Jesse Livermore.
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January 20, 2016, 03:30:46 PM
 #7

We staying below the 1400 transactions per block and with the stress tests, we experienced 1483 and 1711 respectively, so we getting close to a average of 1400 transactions per

block, as a average. The thing that worries me, is the decline in the estimated transaction volumes. The only people smiling seems to be the miners, because the miners revenue is

averaging above 1 750 000 US.  Roll Eyes ..... Makes you wonder, why we seeing these high revenue, when transaction volumes are declining.

Spot available if you want to advertise something :->
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January 20, 2016, 03:32:13 PM
 #8

Don't worry Obama is re-commissioning some redundant missiles to deliver blocks next month. Smiley
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January 20, 2016, 03:32:24 PM
 #9

Right now Bitcoin's price is rallying and block are full. According to blockchain.info backlog of unconfirmed transactions is 11.6 MB right now and as far as I know there is now spam or stress test going on. How worse does it need to get?

Do you mean that there is NO spam or stress test going on?
Otherwise your post makes no sense to me.  Smiley

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January 20, 2016, 03:36:58 PM
 #10

Sorry for the typo. You are right. I meant no spam / stress test.

The game taught me the game. And it didn’t spare the rod while teaching. Jesse Livermore.
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January 20, 2016, 03:40:10 PM
 #11

It is frustrating how much energy is being wasted.  Just scale the blocksize  already...

it need consensus, dev don't want to release something that will not gather enough consensus and be useless basically

they are trying to see what the majority want before decide their move
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January 20, 2016, 03:42:37 PM
 #12

The correct statement is 'some blocks are full'. You can't just jump to conclusions based on data recovered in the last few hours. Out of the last few blocks I see a few at around 750kb.

It is frustrating how much energy is being wasted.  Just scale the blocksize  already...
That can be a dangerous act.

i have not been into all this bitcoin stuff for so long , but from all i read so far , i cant realy see why so much people are hating on bigger block sizes. Becuse all i can see and hear right now is that bitcoins would benfit from it a great deal.
Because you have no IT background and have not done adequate research. How could you jump to such conclusions? With a block size of 2 MB it is possible to construct a transaction that would take over 10 minutes to validate which would harm the network.

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January 20, 2016, 03:49:17 PM
 #13

Because you have no IT background and have not done adequate research. How could you jump to such conclusions? With a block size of 2 MB it is possible to construct a transaction that would take over 10 minutes to validate which would harm the network.

Fine. So what is the solution then? Staying with 1MB blocks and watch confirmation times grow to infinity?

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January 20, 2016, 03:50:03 PM
 #14

Fine. So what is the solution then? Staying with 1MB blocks and watch confirmation times grow to infinity?
The short term solution is SegWit.

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January 20, 2016, 03:52:06 PM
 #15

Fine. So what is the solution then? Staying with 1MB blocks and watch confirmation times grow to infinity?
The short term solution is SegWit.

Do you know what is the current status of SegWit and when will it be released?

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January 20, 2016, 03:52:54 PM
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blockchain.info was offline for me ,whats really going on
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January 20, 2016, 03:53:41 PM
 #17

blockchain.info was offline for me ,whats really going on

It is still at 11 MB.

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January 20, 2016, 03:54:02 PM
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i have not been into all this bitcoin stuff for so long , but from all i read so far , i cant realy see why so much people are hating on bigger block sizes. Becuse all i can see and hear right now is that bitcoins would benfit from it a great deal.
Because you have no IT background and have not done adequate research. How could you jump to such conclusions? With a block size of 2 MB it is possible to construct a transaction that would take over 10 minutes to validate which would harm the network.

While this is factually true in of itself , it ignores the larger context of it being trivial to protect against CVE-2013-2292 with the appropriate sigop protections(code has already been produced). Therefore it would be more appropriate to use this arguments against any idiots who suggest that there are no risks from simply increasing one variable, namely maxBlockSize.

Do you know what is the current status of SegWit and when will it be released?

Segwit has moved off the sidechain testnet into a open testnet since the end of last year. It is currently undergoing a lot of testing and these wallet/companies are supporting it -

Updated list of wallets/companies planning to support SegWit:

https://bitcoincore.org/en/segwit_adoption/

Latest one is my favorite SPV - Mycelium -

https://twitter.com/MyceliumCom/status/689518860727377920


... and electrum just ack'ed


Expected to go live in April.


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January 20, 2016, 03:54:11 PM
 #19

Fine. So what is the solution then? Staying with 1MB blocks and watch confirmation times grow to infinity?
The short term solution is SegWit.

Do you know what is the current status of SegWit and when will it be released?

https://bitcoin.org/en/bitcoin-core/capacity-increases-faq#roadmap
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January 20, 2016, 03:54:38 PM
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Do you know what is the current status of SegWit and when will it be released?

Satoshi is working on it. Write him a letter:

Satoshi Nakamoto
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